On May 10, 2025, Vietnam confirmed that it will launch a pilot carbon credit trading system in June, laying the groundwork for a fully operational domestic carbon market by 2029. The system will be developed under strict government supervision, prioritizing transparency, national suitability, and alignment with international standards. The domestic market will facilitate transactions of emission quotas and verified carbon credits, with certification managed by the Ministry of Agriculture and Environment (MoAE).

In the initial 2025–2026 phase, approximately 150 large emitters in the thermal power, steel, and cement sectors—accounting for 40% of Vietnam’s total emissions—will be allocated quotas. The Hanoi Stock Exchange will serve as the official carbon trading platform, with oversight by the MoAE and Ministry of Finance, and settlement services provided by the Vietnam Securities Depository and Clearing Corporation. This market not only aims to meet Vietnam’s climate goals, but also to improve product competitiveness under mechanisms like the EU’s Carbon Border Adjustment Mechanism. Businesses are now urging the government to clarify verification criteria and prepare the regulatory framework for trading and exporting carbon credits.

Link: https://vir.com.vn/carbon-credit-market-can-make-all-the-difference-128196.html